After the recent drop Litecoin has taken over 3 weeks and it hasn't got back to the 382 yet. This is a very bearish sign and with more downside expected in Bitcoin I can see this a lot lower over the coming weeks. Selling at the 382.
AUDJPY H4 - Very similar to the GBPCHF range, trading between 76 whole number and 75 whole number, decent 100 pip range of a pair which generally warrants confirmation. RR is there too, lets see how we respond to this 76.00 resistance zone.
As we can see on this hurly chart price fell out of this rising wedge (bearish formation) and has now printed new lower lows, waiting to see how price responds to this highlighted level as there is a few confluences here (50EMA, 38.2 Fib level and previous low)
Could the next few weeks be the much anticipated Dollar correction? TA says so. Fundamentals have been screaming so for over a year...
TF: 8 Hr Possible H and S formation on the 8 hr TF. This has formed after a strong rally, and price may due for a corrective pullback. I think a retracement to the .318 looks like it may be a good area to look for longs. This retraement area offers a few bullish confluences: 1. Area aligns with with a former broke resistance zone; 2. The 0.382...
WORK aka Slack was a very promising trade with the work from home (WFH) explosion driving stocks like ZOOM, PYPL, SQ, FB, AAPL, MSFT and CRM to name a few. Unfortunately WORK's performance was lukewarm, and quarterly results proved the same. With services like Zoom Video, Facebook Workplace, Microsoft Teams, Salesforce and more providing a lot of tools that...
GBPJPY H4 - Short setup may still be valid, we pinned that 50% corrective point, still just trading below 138 or atleast around 138 which is where our weekly and S/R zone sits.
We can see on the daily TF that price has now hit this descending TL for the third time, where we are at a structure level, 38.2 fib level and the 50EMA acting as support. With a confirmed entry being on the 4H TF (huge Bearish wick)
On the daily chart we can see price is coming up to test the resistance of this longer term descending TL, with another confluence that we are at a resistance level on a smaller term TL channel, where its likely to see a bounce don from here, also creating lower lows and lower highs in this corrective channel, price could take an impulsive move lower. Which means...
Shorts look good from here. Third touch of descending TL, fib retracement up into the 61.8, 50EMA acting as resistance shown by multiple wick candlesticks. Series of lower highs and lower lows. 7.5:1 RR, valid set up and I prefer this to my previous EURGBP I have just published (as they contradict each other with GBP different bias)
Hey there, like the post please and follow me here on TV, it really helps me out! All details are explained on the chart, so please take a closer look. I won't get into detail here. Very important will be the gaps drawn on the chart in my opinion. Most likely to be filled once TSLA breaks support! The line in the sand is $1000 which will very likely hold with...
Hello Traders! Today marks a new trading week with lots of opportunity ahead of us. Upon the market opening, I've realised USD has opened extremely weak across all currency pairs. Although, I beleive this is a means to reach a certain point in the market before reversing to the downside. I've also had a look at COT Data indicating the commercials are short in the...
Hello Traders! This is a WYCKOFF's pattern, currently we can see a drop That will break the AR support and will reverse back. I have also extracted exact figures from one of my strategy which tells exact figure of target and turning point in OIL and Gold, With the help of my strategy i knew about drop to exactly 1748.50 and we bought at 1749.00. We are ready to...
Banknifty looks much weaker if I compared it with nifty50 Today Banknifty closed nears its day's low and tomorrow's opening will set the tone as to where its gonna go. As I have explained in my previous post, the up-move may continue if prices stay above 20530 levels, so the levels are still intact hence I will see, how it is going to be opening tomorrow and...